Recent Background & News Drivers
Peanut the Squirrel, or PNUT for short, is a meme token built on Solana that exploded onto the scene after a heartbreaking real-world event. Back in October 2024, a pet squirrel named Peanut—who’d built up quite the social media following—was put down by New York authorities. The whole thing turned into a mess when it came out that Peanut actually tested negative for rabies, sparking outrage and heated debates online. Since then, things have gotten even messier. Mark Longo, who owned Peanut, recently sent Binance a cease-and-desist letter claiming they’re misusing his squirrel’s likeness and infringing on his intellectual property rights. All this legal drama keeps investors on edge and adds an extra layer of uncertainty to an already volatile token.
Technical Indicators & Key Levels
Right now, PNUT is sitting at around $0.09341, up a modest 1.47% over the past day. Looking at the 4-hour chart, we’re seeing a bit of a mixed bag—some bullish signs, but also a few yellow flags popping up:
– Relative Strength Index (RSI, 4h): Currently hovering around 64.06. This tells us momentum is still positive, but we’re creeping toward overbought levels. Once RSI crosses above 70, we often see a pullback coming.
– MACD (4h): The MACD line is sitting just under the signal line, with a slightly negative histogram at –0.00025. This bearish divergence hints that the recent upward push might be running out of steam in the short term.
– SMA & EMA (4h): The Simple Moving Average is around $0.0859, and the Exponential Moving Average is at roughly $0.08695—both sitting below the current price, which means they’re acting as support cushions for now.
– Pivot Points (1-day): On the resistance side, we’re looking at $0.0973 (R1), $0.1001 (R2), and $0.1028 (R3). Support levels are planted at $0.0918 (S1), $0.0891 (S2), and $0.0863 (S3). The fact that price is dancing just above S1 and S2 suggests we could see a drop if sellers start taking control.
Price Prediction: Short-Term and Medium-Term Scenarios
Short-Term Outlook (Next Few Days to Weeks)
In the near future, PNUT is basically stuck in no-man’s-land between support and resistance, with indicators sending mixed messages. Since we’re sitting at around $0.0934—just barely above that critical support zone between $0.0918 and $0.0891—there’s real risk here. If we break below that floor, we could easily tumble toward S2 at $0.0891, or even test S3 down at $0.0863. On the flip side, if bulls can push through, the first hurdle is R1 at $0.0973. Clear that, and R2 at $0.1001 becomes the next target. But with the MACD showing weakness and RSI flashing overbought warnings, any rally will likely face stiff resistance unless we see a serious surge in buying volume.
Medium-Term Projection (Over the Next 1–3 Months)
Looking ahead a month or three, things could go either way depending on market mood and how the legal situation shakes out. If sentiment stays positive and PNUT dodges major legal bullets, we could see another run at the $0.1001–$0.1028 resistance zone. Break convincingly above $0.1028 with strong volume behind it, and we might even push toward $0.12–$0.15. That’s the optimistic scenario, though, and it would need everything to line up just right—positive news flow, solid community support, and a favorable environment for meme tokens overall. On the darker side, if we slip below $0.0863, we could be looking at a slide back toward $0.07 or lower, especially if the broader market turns choppy or if regulatory heat intensifies.
Risk Factors & Influencers to Watch
PNUT’s price is unusually sensitive to news, social media buzz, and legal developments. Here’s what could move the needle:
– Intellectual Property (IP) Litigation: Longo’s lawsuit against Binance isn’t just noise—it could force changes to PNUT’s branding, lead to financial penalties, or even trigger delistings. This is probably the biggest near-term wildcard.
– Community Sentiment & Social Media Moments: PNUT tends to spike on viral moments—think celebrity shoutouts, meme explosions, or media coverage. These can pump the price fast, but they can also reverse just as quickly when attention moves elsewhere.
– Regulatory Scrutiny: Memecoins are increasingly catching regulators’ eyes. If authorities start cracking down, or if exchanges tighten their policies around tokens tied to real people or controversial stories, PNUT could feel the squeeze.
– Liquidity and Whale Behavior: Like most smaller-cap tokens, PNUT is vulnerable to big holders making moves. A whale dumping a large position, or coordinated buying by a few big wallets, can swing prices dramatically in either direction on short notice.
If you’re thinking about jumping into PNUT, keep your eyes glued to daily volume, stay on top of legal news, and don’t skip on risk management. Position sizes should be conservative given the wild swings this token can make—remember, this is a culture-driven asset where narrative matters just as much as numbers.
